3D Systems Corporation Stock Forecast
3D Systems Corporation stock price down 0.86% on Wednesday
(Updated on Apr 24, 2024)
The 3D Systems Corporation stock price fell by -0.86% on the last day (Wednesday, 24th Apr 2024) from $3.50 to $3.47. During the last trading day the stock fluctuated 2.69% from a day low at $3.43 to a day high of $3.52. The price has fallen in 7 of the last 10 days and is down by -14.11% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -124 thousand shares and in total, 1 million shares were bought and sold for approximately $3.87 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -27.28% during the next 3 months and, with a 90% probability hold a price between $2.18 and $3.13 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DDD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.36%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The 3D Systems Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $3.48 and $4.18. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for 3D Systems Corporation stock
3D Systems Corporation finds support from accumulated volume at $3.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0923 between high and low, or 2.69%. For the last week, the stock has had daily average volatility of 5.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DDD) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect 3D Systems Corporation to open at $3.47, and during the day (based on 14 day Average True Range), to move between $3.26 and $3.68, which gives a possible trading interval of +/-$0.214 (+/-6.16%) up or down from last closing price. If 3D Systems Corporation takes out the full calculated possible swing range there will be an estimated 12.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.48 (0.29%) than the support at $3.39 (2.31%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is 3D Systems Corporation stock A Buy?
3D Systems Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -5.107 Strong Sell Candidate Unchanged
Predicted Opening Price for 3D Systems Corporation of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $3.47 ( 0.0740%) | $3.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DDD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.56 | 2.73 % | |
| R2 | 3.53 | 1.72 % | ||
| R1 | 3.51 | 1.09 % | ||
| Current price: | 3.47 | |||
| Support | S1 | 3.44 | -0.94 % | |
| S2 | 3.42 | -1.57 % | ||
| S3 | 3.38 | -2.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.14 | 19.31 % | |
| R2 | 4.02 | 15.85 % | ||
| R1 | 3.48 | 0.288 % | ||
| Current price | 3.47 | |||
| Support | S1 | 3.39 | -2.31% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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